An Investor’s View On Mastering Your InspectionsFrom real estate agents to banks, to flippers to buy and holders, to wholesalers to buyers and sellers (forgive me if I forgot you), inspections almost always have their place in the course of a real estate deal.I want to take a moment and view home inspections from a flipper’s point of view. My investment company currently holds mostly a short term exit strategy on our residential buying opportunities. In short, we are looking to get the … [Read more...]
How to Systemize Your Initial Property Inspection to Avoid Surprises
June 1, 2012 By Leave a Comment
How to Systemize Your Initial Property Inspection to Avoid SurprisesYou just know it’s the one. The color scheme is right; the floor plan is open. You touch the granite countertop and see the kids practicing their multiplication while salmon broils in the stainless steel stove. If you are searching for the home of your dreams, focus on countertops and paint color. If, however, you are seeking buy and hold rentals, refocus. Remember: You are NOT going to be living there. So instead of thinking … [Read more...]
The Outer Limits: How to Speed Up the Property Inspection Process on New Deals
May 18, 2012 By Leave a Comment
The Outer Limits: How to Speed Up the Property Inspection Process on New DealsIs your passion hang gliding? Bull riding? Planking? No matter what your hobby is; forget it. If you are an investor looking for the perfect 10 rental, you won’t have time to do any hobbies if you aren’t efficient. Investors may need to look at tons of properties to find one keeper. To rule out properties quickly, speed up the process by starting your inspections on the outside. Many of your big ticket items are … [Read more...]
Rental Properties
January 8, 2012 By Leave a Comment
I just read about a couple in South Carolina who had a rental property up for sale. One day, they received a call from one of their neighbors that it appeared someone was inside the property.Nobody was supposed to be in the house at the time so the couple headed over to their place and when they walked in the front door the husband was immediately attacked by a man. The wife pulled out a gun and shot the man and her husband was fine.Apparently, a homeless man had broken into the house and had … [Read more...]
Making Sure You Have a Qualified Home Inspector
November 28, 2011 By Leave a Comment
Making Sure You Have a Qualified Home InspectorReal estate investors have always found it challenging when dealing with home inspectors. A rehabber does what he considers a “bang up job” only to have the buyer present him with a list of things they want repaired. Having been in the home inspection business for 17 years, I am the first to tell you that not all home inspectors are created equally. Licensing laws in many states have helped to take care of that problem to some degree; to help … [Read more...]
Rental Property Inspections
November 4, 2011 By Leave a Comment
Rental Property InspectionsWhen I ask a real estate investor when was the last time they inspected their investment properties. It is obvious from their contorted facial expressions that they most likely have never “formally” inspected their properties. While preforming “safe and clean inspections” during a tenancy is important, ensuring that “move-in” and “move-out” inspections are performed at the beginning and end of a rental relationship can mean the difference … [Read more...]
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